Yesterday
Cap big super at 10pc of ASX companies: senator
The $3.6 trillion superannuation industry’s market power means it has the capacity to “squash retail investors like bugs” – and that shouldn’t be allowed, Andrew Bragg says.
- Hannah Wootton
ASX record within striking distance as miners, energy stocks rally
Australian shares move within 35 points of record close. China leaves rates on hold. Copper and gold at record highs. Follow updates here.
- Updated
- Joshua Peach, Timothy Moore, Alex Gluyas, Sarah Jones and Cecile Lefort
Star confirms Hard Rock talks | BHP CEO’s $64b question | Iran’s president missing
Read everything that’s happened in the news so far today.
- Updated
Nuix shares jump after smashing guidance
The company is primed to beat its full-year forecast for fiscal 2024 after signing a multi-year contract with an undisclosed software customer.
- Nick Bonyhady
Loss-making companies are surging on the ASX, baffling analysts
Goldman Sachs is perplexed about the surge in unprofitable stocks, and says there are safer alternatives like retailers Lovisa and Cettire.
- Alex Gluyas
10 investment tips to ride out the ‘new normal’
Given elevated interest rates and inflation are forecast to flow through financial year 2025, investors are eyeing stocks, property and gold to get ahead.
- Tom Richardson
Ellerston, Tattarang-backed private fintech bags new CEO
Andrew Baines will join Azupay on Monday as Ellerston Capital and Tattarang plot how to help the payments start-up grow with an eye on an exit.
- Tom Richardson
Platinum’s marketing, client relations boss a $1m earner
The huge pay packet for the fund manager’s marketing guru has turned heads given its tumbling funds under management and share price.
- Tom Richardson
This Month
ASX eyes record high as rate cut hopes fuel euphoria for shares
Australian shares are set to advance after the Dow Jones crossed the historic 40,000 level on Friday with Nvidia’s earnings this week destined to test the rally.
- Cecile Lefort
- Opinion
- Sharemarket
These stocks are primed for ‘tectonic-sized’ tailwinds
The magnificent seven are not the only way to play artificial intelligence, there’s money to be made in storage, energy and software on the ASX too.
- Jun Bei Liu
S&P 500 hovers near record high
US equities gave up early gains to close mostly modestly higher. Copper, nickel and silver surge. Gold, oil also rally. $A touches US67¢.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
The stocks Australia’s biggest LIC is buying
While the LIC sector is under pressure, the 98-year-old Australian Foundation Investment Company is staying patient and hunting for value.
- Updated
- James Thomson
Cbus deputy CIO and head of private markets Alex Campbell resigns
Two years after joining Cbus, Campbell was promoted to head of private markets where her remit broadened to cover $25 billion of FUM
- Sarah Thompson, Kanika Sood and Emma Rapaport
Nvidia bulls are selling – here’s what one fundie is buying instead
The AI market darling is reporting earnings next week, following a jaw-dropping share price run in the last 18 months.
- Updated
- Joshua Peach
ASX to drop, Dow breaks 40,000 for first time
ASX futures lower. US equities pared their early advance to close modestly lower. Gold slips, oil edges up, iron ore rises. Bitcoin steady.
- Updated
- Timothy Moore
Shares drop; Bendigo Bank jumps, SkyCity to pay $67m AUSTRAC penalty
Shares drop 0.85pc. Star’s license suspension extended. US equities swing lower. Iron ore climbs as China posts mixed data. Oil firms. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach, Sarah Jones and Alex Gluyas
- Opinion
- Chanticleer
Why bad news has the ASX bulls running
Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.
- Updated
- James Thomson
Regal allegedly embroiled in South Korean securities investigation
The prominent hedge fund told investors in September it was shorting stocks in South Korea, saying it was focused on “one specific bank”.
- Joshua Peach
The Aussie stock picks that made this fund a top 10
Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.
- Sarah Jones
- Opinion
- Chanticleer
How inflation relief and Buffett’s new bet gave bull market fresh legs
Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.
- James Thomson
